Rolls-Royce Wins Up to $60M Share of Etihad Airways Order

(November 18, 22009) -- Rolls-Royce, the global power systems company, has won a share in an order from Etihad Airways worth up to $60 million, for aftermarket services for V2500 engines.

The contract covers 30 engines, including spares, that power 14 Airbus A320 family aircraft currently in service. Earlier this year, Etihad selected the V2500 SelectOne for its new fleet of 20 A320 family aircraft and also opted for a long term aftermarket agreement to cover these engines, in a deal worth $190m to Rolls-Royce.


The V2500 is produced by the International Aero Engines consortium (IAE) in which
Rolls-Royce is a senior shareholder. IAE's other partners are Pratt & Whitney, the Japanese Aero Engines Corporation and MTU Aero Engines.

The 22,000 - 33,000lb thrust V2500 powers the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner. More than 5,500 V2500 engines are in service or on firm order worldwide.

Source : Rolls-Royce Plc (LSE: RR.L)